Nicole Lapin

So if you bought it before that price hike, you wouldn't have made that if you sold it.

Right.

So you touched on a really important point that the Birkins and maybe the Kellys, I would say, but the Hermes bags and the Petique bags.

Patek.

It's a watch.

No, I know what it is, but I can never say it because I don't have one.

And the Ferraris, right?

Like these really high, high luxury brands rely on supply and demand.

So like really little supply, big demand.

And then that's why you can resell them for so much higher because they're so much harder to get in the first place.

Yeah.

So fine.

The Chanel flat bag that the Internet says is also an investment grade bag is not.

OK, so if somebody is buying a Birkin, they're like, OK, I get to hold the Birkin.

I get to touch the Birkins, maybe smell the Birkin.

I don't know what you do with the Birkin.

instead of buying Nvidia shares, let's say.

And that's a big draw because they'll actually have a tangible good.

Do you have to go into this purchase thinking like, I'm going to use this as a consumer or I'm going to use this as an investment?

Yeah.